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New2 days ago

1259 Davenport Road

Dovercourt-Wallace Emerson-Junction, Toronto

$924,990

Freehold Townhouse|2 1/2 Storey
5 | 2 | 0
About this home

A Two-Unit Property Opportunity in Toronto! Investors and house hackers, discover 1259 Davenport Rd, a substantial 3-storey freehold townhome offering over 2,000 sq. ft. of living space and the potential to generate approximately $6,000/month in rental income. This recently updated home features 5+1 bedrooms, 2 kitchens, multiple private decks and two separate basement entrances, creating an ideal setup for investors seeking strong income potential or buyers looking to house hack and significantly reduce their monthly cost of living. Live in one portion while generating rental income from the additional living spaces, or maximize the property's income potential as an investment. The standout feature is the spacious rooftop deck with unobstructed panoramic views of the downtown Toronto skyline and CN Tower. Ideally located just steps from the Geary Avenue revitalization and future Galleria on the Park, with Ossington, St. Clair West and Bloor all nearby, along with an incredible selection of restaurants, bars, breweries, entertainment and transit. A rare opportunity to secure a flexible, high-income property in one of Toronto's most dynamic and rapidly transforming neighbourhoods.

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agent
Angela Montano
(647) 283-2643
TypeAtt/Row/Townhouse
Style2 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$4,253
Lot Size14.33 ft x 77 ft
mls© NumberW13682438
Listed ByRock Star Real Estate Inc., Brokerage

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,735
Property tax
$354
Heat allowance
$150
Housing costs
$5,239 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $184,998
25-yr amortization

Income needed

$161,000

gross annual household income

Payment at 4%
$3,893 / mo
Cash down
$184,998

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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